“Of the 16 companies to successfully complete the program, 81 percent are still in business and have raised over $2.5 million in follow-on funding,” ETC President Deb Tillett said in a release.

Alums of the program include Ntensify,Heyyand Allovue. A demo day for the program’s third cohort was held in May.

“AccelerateBaltimore continues to add to the economic growth of the City of Baltimore,” Mayor Stephanie Rawlings-Blake said in the release. “The continued success of ETC, AccelerateBaltimore and similar programs showcase the vibrancy, innovation and entrepreneurial energy that are possible in the City of Baltimore.”